Crypto.com has been licensed in the
Netherlands to provide cryptocurrency services; the exchange said in a
statement today (Friday). The license was awarded by the Dutch
central bank (DNB) after the company met the requirements of the law passed to prevent
money laundering and terrorism financing.
The Netherlands is the latest country in Europe to
license the Singapore-based cryptocurrency exchange. The company was
awarded a Digital Asset Service Provider (DASP) license in France, while in the
UK, it operates on a crypto asset business license. Additionally, the exchange
is regulated in Italy, Greece, Cyprus, Spain, South Korea, and
Australia.
Commenting about the licensing, Kris
Marszalek, the CEO of Crypto.com, said: “Collaborating with regulators to
responsibly advance the crypto and blockchain industry is of paramount
importance to Crypto.com. This approval from the central bank of
the Netherlands is a significant milestone for our business and the latest
testament to our commitment to compliance.”
The Dutch central bank has since registered 36
cryptocurrency firms, including Coinbase, eToro, and Bitstamp. Although the
number is expected to increase, the Dutch regulator maintains a tough regulatory stance concerning crypto trading in…
